KEY EVENTS TO WATCH FOR:

Thursday, June 3, 2021   

7:30 AM ET. May Challenger Job-Cut Report

                       Job Cuts, M/M% (previous -25.13%)

8:15 AM ET. May ADP National Employment Report

                       Private Sector Jobs, Net Chg (expected +700000; previous +742000)

8:30 AM ET. Unemployment Insurance Weekly Claims Report - Initial Claims

                       Jobless Claims (expected 400K; previous 406K)

                       Jobless Claims, Net Chg (previous -38K)

                       Continuing Claims (previous 3642000)

                       Continuing Claims, Net Chg (previous -96K)

8:30 AM ET. 1^st Quarter Revised Productivity & Costs

                       Non-Farm Productivity (expected +5.5%; previous -4.2%)

                       Unit Labor Costs (expected -0.3%; previous +6.0%)

9:45 AM ET. May US Services PMI

                       PMI, Services (expected 70.1; previous 64.7)

9:45 AM ET. Bloomberg Consumer Comfort Index

10:00 AM ET. ABA Economic Advisory Committee economic forecast

10:00 AM ET. May ISM Report On Business Services PMI

                       Non-Mfg Composite Idx (expected 62.4; previous 62.7)

                       Non-Mfg Business Idx (previous 62.7)

                       Prices Idx (previous 76.8)

                       Employment Idx (previous 58.8)

                       New Orders Idx (previous 63.2)

10:30 AM ET. EIA Weekly Natural Gas Storage Report

                       Working Gas In Storage (Cbf) (previous 2215B)

                       Working Gas In Storage, Net Chg (Cbf) (previous +115B)

11:00 AM ET. EIA Weekly Petroleum Status Report

                       Crude Oil Stocks (Bbl) (previous 484.349M)

                       Crude Oil Stocks, Net Chg (Bbl) (previous -1.662M)

                       Gasoline Stocks (Bbl) (previous 232.481M)

                       Gasoline Stocks, Net Chg (Bbl) (previous -1.745M)

                       Distillate Stocks (Bbl) (previous 129.082M)

                       Distillate Stocks, Net Chg (Bbl) (previous -3.013M)

                       Refinery Usage (previous 87.0%)

                       Total Prod Supplied (Bbl/day) (previous 19.956M)

                       Total Prod Supplied, Net Chg (Bbl/day) (previous +0.684M)

11:00 AM ET. May Global Services PMI

                       PMI, Services (previous 56.6)

12:00 PM ET. May Monthly U.S. Retail Chain Store Sales Index

3:15 PM ET. SEC Closed Meeting

4:30 PM ET. Foreign Central Bank Holdings

4:30 PM ET. Federal Discount Window Borrowings

Friday, June 4, 2021  

8:30 PM ET. U.S. Weekly Export Sales

                       Corn (Metric Tons) (previous 6247.3K)

                       Soybeans (Metric Tons) (previous 304.2K)

                       Wheat (Metric Tons) (previous 403.3K)

8:30 AM ET. May U.S. Employment Report

                       Non-Farm Payrolls (expected +674K; previous +266K)

                       Unemployment Rate (expected 5.9%; previous 6.1%)

                       Avg Hourly Earnings (USD) (previous 30.17)

                       Avg Hourly Earnings-Net Chg (USD) (previous +0.21)

                       Avg Hourly Earnings, M/M% (expected +0.2%; previous +0.70%)

                       Avg Hourly Earnings, Y/Y% (expected +1.6%; previous +0.33%)

                       Overall Workweek (previous 35)

                       Overall Workweek Net Chg (previous +0.1)

                       Government Payrolls (previous +48K)

                       Private Payroll (previous +218K)

                       Participation Rate (previous 61.7%)

                       Non-Farm Payrolls Bench Net Chg

10:00 AM ET. April Manufacturers' Shipments, Inventories & Orders (M3)

                       Total Orders, M/M% (expected +0.0%; previous +1.1%)

                       Orders, Ex-Defense, M/M% (previous +1.1%)

                       Orders, Ex-Transport, M/M% (previous +1.7%)

                       Durable Goods, M/M%

                       Durable Goods, M/M%

Monday, June 7, 2021  

10:00 AM ET. May Employment Trends Index

                       ETI (previous 105.44)

                       ETI, Y/Y%

3:00 PM ET. April Consumer Credit

                       Consumer Credit Net Chg (USD) (previous +25.8B)

The STOCK INDEXES http://quotes.ino.com/ex changes/?c=indexes"  

The STOCK INDEXES: The June NASDAQ 100 was lower overnight as it extends the trading range of the past six-days. The low-range trade sets the stage for a steady to lower opening when the day session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If June extends the rally off May's low, the May 7^th high crossing at 13,818.00 is the next upside target. Closes below the 20-day moving average crossing at 13,470.11 would signal that a short-term top has been posted. First resistance is the May 7^th high crossing at 13,818.00. Second resistance is April's high crossing at 14,064.00. First support is the 62% retracement level of the March-April-rally crossing at 12,912.45. Second support is the 75% retracement level of the March-April-rally crossing at 12,666.46.

The June S&P 500 was lower overnight as it consolidates some of the rally off the May 13^th low. The low-range overnight trade sets the stage for a steady to lower opening when the day session begins trading later this morning.Stochastics and the RSI are overbought and are poised to turn neutral to bearish with additional weakness that would signal that a possible double top with May's high has been posted with Tuesday's high. Closes below the 50-day moving average crossing at 4125.20 would signal that a double top has been posted while opening the door for additional weakness near-term. If June extends the rally off the May 13^th low, May's high crossing at 4238.25 is the next upside target. First resistance is Tuesday's high crossing at 4230.00. Second resistance is May's high crossing at 4238.25. First support is the 50-day moving average crossing at 4125.20. Second support is the May 13^th low crossing at 4029.25.   

INTEREST RATES http://quotes.ino.com/ex changes/?c=interest"

INTEREST RATES: June T-bonds were steady to slightly lower overnight. The low-range overnight trade sets the stage for a steady to lower opening when the day session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If June extends the rally off May's low, the 25% retracement level of the 2020-2021-decline crossing at 159-19 is the next upside target. Closes below the 50-day moving average crossing at 157-05 would signal that a short-term top has been posted. If June renews the decline off May's high, the March 30th low crossing at 153-29 is the next downside target. First resistance is the 25% retracement level of the 2020-2021-decline crossing at 159-19. Second resistance is the 38% retracement level of the 2020-2021-decline crossing at 162-31. First support is the May 13^th low crossing at 155-14. Second support is the March 30th low crossing at 153-29.

June T-notes were steady to slightly lower overnight. The low-range overnight trade sets the stage for a steady to lower opening with the day session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If June extends the rally off March's low, the May 17^th high crossing at 132.215 is the next upside target. Closes below the 50-day moving average crossing at 132.064 would signal that a short-term top has been posted. First resistance is the 25% retracement level of the 2020-2021-decline crossing at 133.001. Second resistance is the May 17^th high crossing at 132.215. First support is the 50-day moving average crossing at 132.064. Second support is the April 29^th low crossing at 131.185. Third support is the April 5^th low crossing at 130.255. 

ENERGY MARKETS? http://quotes.ino.com/ex?changes/?c=energy ""

July crude oil was slightly lower in late-overnight trading. The low-range overnight trade sets the stage for a steady to slightly lower opening when the day session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If July extends this year's rally, the June-2015 high on the monthly continuation chart crossing at $69.69 is the next upside target. Closes below the 20-day moving average crossing at $65.62 would signal that a short-term top has been posted. First resistance is the overnight high crossing at $69.40. Second resistance is the June-2015 high on the monthly continuation chart crossing at $69.69. First support is the 20-day moving average crossing at $65.62. Second support is the 50-day moving average crossing at $63.27.

July heating oil was slightly lower overnight as it consolidates some of the rally off the May 21^st low. The low-range overnight trade sets the stage for a steady to lower opening when the day session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If July extends the aforementioned rally, the 87% retracement level of the 2018-2020-decline crossing at $2.1362 is the next upside target. Closes below the May 21^st low crossing at $1.9471 would signal that a short-term top has been posted. First resistance is the overnight high crossing at $2.1236. Second resistance is the 87% retracement level of the 2018-2020-decline crossing at $2.1362. First support the May 21^st low crossing at $1.9471. Second support is the 50-day moving average crossing at $1.9332.  

July unleaded gas was slightly lower in late-overnight trading but not before spiking above May's high crossing at $2.2045. The low-range overnight trade sets the stage for a steady to lower opening when the day session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If July extends the rally off May's low, the May-2018 high on the monthly continuation chart crossing at $2.2855 is the next upside target. Closes below the 20-day moving average crossing at $2.1315 would signal that a short-term top has likely been posted. First resistance is the overnight high crossing at $2.2127. Second resistance is the May-2018 high on the monthly continuation chart crossing at $2.2855. First support is the 20-day moving average crossing at $2.1315. Second support is the 50-day moving average crossing at $2.0540.

July Henry natural gas was slightly lower overnight as it consolidates some of  Tuesday's rally. The low-range overnight trade sets the stage for a steady to lower opening when the day session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If July extends the rally off May's low, May's high crossing at 3.204 is the next upside target. Closes below the 10-day moving average crossing at 3.011 would temper the near-term bullish outlook. First resistance resistance is May's high crossing at 3.204. Second resistance is monthly resistance crossing at 3.786. First support is May's low crossing at 2.903 Second support is the 50-day moving average crossing at 2.902.  

CURRENCIEShttp://quotes.ino.com/ex changes/?c=currencies"

CURRENCIES:The June Dollar was higher overnight as it extends the trading range of the past three-weeks. The high-range overnight trade sets the stage for a higher opening when the day session begins trading. Stochastics and the RSI are turning neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the May 28^th high crossing at $90.43 would signal that a short-term low has been posted. If June resumes the decline off March's high, January's low crossing at $89.16 is the next downside target. First resistance is the May 28^th high crossing at $90.43. Second resistance is the May 5^th high crossing at $91.44. First support is May's low crossing at $89.52. Second support is the January low crossing at $89.16.

The June Euro was lower overnight as it extends the trading range of the past three-weeks. The low-range overnight trade sets the stage for a steady to lower opening when the day session begins trading. Stochastics and the RSI are turning neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below last-Friday's low crossing at $121.36 would signal that a short-term top has been posted while opening the door for additional weakness near-term. If June extends the rally off March's low, the 87% retracement level of the January-March-decline crossing at $123.08 is the next upside target. First resistance is last-Tuesday's high crossing at $122.71. Second resistance is the 87% retracement level of the January-March-decline crossing at $121.43. First support is last-Friday's low crossing at $121.36. Second support is the May 13^th low crossing at $120.58.

The June British Pound was higher overnight as it extends the trading range of the past three-weeks. The mid-range overnight trade sets the stage for a steady to higher opening when the day session beings trading. Stochastics and the RSI are turning neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below last-Thursday's low crossing at 1.4091 would signal that a short-term top has been posted while opening the door for additional weakness near-term. If June extends this year's rally, the 87% retracement level of the 2018-2020-decline crossing at 1.4602 is the next upside target. First resistance is Tuesday's high crossing at 1.4256. Second resistance isthe 87% retracement level of the 2018-2020-decline crossing at 1.4602. First support is last-Thursday's low crossing at 1.4091. Second support is the 50-day moving average crossing at 1.3950.

The June Swiss Franc was slightly lower overnight. The low-range overnight trade sets the stage for a steady to lower opening when the day session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the May 19^th low crossing at 1.1060 would signal that a short-term top has been posted while opening the door for additional weakness near-term. If June extends the rally off April's low, the 75% retracement level of the January-April-decline crossing at 1.1233 is the next upside target. First resistance is last-Tuesday's high crossing at 1.1203. Second resistance is the 75% retracement level of the January-April-decline crossing at 1.1233. First support is the May 19^th low crossing at 1.1060. Second support is the 50-day moving average crossing at 1.0951.

The June Canadian Dollar was lower overnight as it extends May's trading range. The low-range trade sets the stage for a steady to lower opening when the day session begins trading. Stochastics and the RSI are neutral signaling that sideways trading is possible near-term. If June resumes this year's rally, the May-2015 high on the monthly continuation chart crossing at $83.86 is the next upside target. Closes below the May 13^th low crossing at $81.95 would mark a downside breakout of the aforementioned trading range and would open the door for additional weakness near-term. First resistance is Tuesday's high crossing at $83.28. Second resistance is the May-2015 high on the monthly continuation chart crossing at $83.86. First support is the May 13^th crossing at $81.95. Second support is the 50-day moving average crossing at $81.12.  

The June Japanese Yen was lower overnight. The low-range overnight trade sets the stage for a steady to lower opening when the day session begins trading. Stochastics and the RSI are neutral signaling that sideways trading is possible near-term. If June renews the decline off April's high, March's low crossing at 0.090180 is the next downside target. Closes above the May 25^th high crossing at 0.092130 would signal that a short-term low has been posted. First resistance is the 38% retracement level of the January-March-decline crossing at 0.092994. Second resistance is the 50% retracement level of the January-March-decline crossing at 0.093874. First support is last-Friday's low crossing at 0.090750. Second support is March's low crossing at 0.090180.  

PRECIOUS METALS http://quotes.ino.com/ex changes/?c=metals"

PRECIOUS METALS: June gold was lower overnight as it consolidates some of its recent gains. The low-range overnight trade sets the stage for a steady to lower opening when the day session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If June extends the rally off March's low, the 62% retracement level of August-April-decline crossing at $1945.50 is the next upside target. Closes below the 20-day moving average crossing at $1868.40 would signal that a short-term top has been posted. First resistance is Tuesday's high crossing at $1916.20. Second resistance is 62% retracement level of August-April-decline crossing at $1945.50. First support is the 20-day moving average crossing at $1868.40. Second support is the 50-day moving average crossing at $1800.20.

July silver was lower overnight. The low-range overnight trade sets the stage for a steady to lower opening when the day session begins trading later this morning. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the May 21^st low crossing at $27.265 would signal that a short-term top has been posted. If July renews the rally off March's low, the 87% retracement level of the January-March-decline crossing at $29.199 is the next upside target. First resistance is the 87% retracement level of the January-March-decline crossing at $29.199. Second resistance is February's high crossing at $30.015. First support is the May 21^st low crossing at $27.265. Second support is the May 13^th low crossing at $26.780. 

July copper was lower overnight as it consolidates some of the rally off May's low. The low-range overnight trade sets the stage for a steady to lower opening when the day session begins trading. Stochastics and the RSI are turning neutral to bearish signaling that sideways to lower prices are possible near-term. If July renews the decline off May's high, the 50-day moving average crossing at 4.3840 is the next downside target. If July extends the rally off May's low, the May 18^th high crossing at 4.7820 is the next upside target. First resistance is the May 18^th high crossing at 4.7820. Second resistance is May's high crossing at 4.8880. First support is May's low crossing at 4.4350. Second support is the 50-day moving average crossing at 4.3840.  

GRAINS http://quotes.ino.com/ex changes/?c=grains

July corn was higher overnight as it consolidates above the 20-day moving average crossing at $6.73 3/4. The mid-range close sets the stage for a steady to higher opening when the day sessions begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If July extends the rally off May's low, May's high crossing at $7.35 1/4 is the next upside target. Closes below the 10-day moving average crossing at $6.59 would temper the near-term friendly outlook. First resistance is Tuesday's high crossing at $6.96 3/4. Second resistance is May's high crossing at $7.35 1/4. First support is the 50% retracement level of this year's rally crossing at $6.06 3/4. Second support is the 62% retracement level of this year's rally crossing at $5.76 1/2.        

July wheat was higher overnight as it erases Wednesday's losses. The high-range close sets the stage for a steady to higher opening when the day session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing at $6.96 1/2 would signal that a short-term low has been posted. If July renews the decline off May's low, the 75% retracement level of April's rally crossing at $6.36 1/2 is the next downside target. First resistance is the 20-day moving average crossing at $6.96 1/2. Second resistance is the May 18^th high crossing at $7.18 1/2. First support is the 75% retracement level of April's rally crossing at $6.36 1/2. Second support is the 87% retracement level of April's rally crossing at $6.15 1/4.

July Kansas City wheat was higher overnight as it is poised to extend the rally off May's low. The high-range close sets the stage for a steady to higher opening when the day session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing at $6.51 3/4 would confirm that a short-term low has been posted. If July resumes the decline off May's high, the 87% retracement level of the March-April-rally crossing at $5.83 is the next downside target. First resistance is the 20-day moving average crossing at $6.51 3/4. Second resistance is the May 18^th high crossing at $6.70 1/2. First support is May's low crossing at $5.88. Second support is the 87% retracement level of the March-April-rally crossing at $5.83.

July Minneapolis wheat was higher overnight as it extends the rally off May's low. The high-range close sets the stage for a steady to higher opening when the day session begins trading. Stochastics and the RSI are bullish signaling that sideways to higher prices are possible near-term. If July extends the aforementioned rally, May's high crossing at $8.07 1/4 is the next upside target. Closes below the 10-day moving average crossing at $7.23 3/4 would signal that a short-term top has been posted. First resistance is Wednesday's high crossing at $7.99 1/4. Second resistance is May's high crossing at $8.07 1/4. First support is the 20-day moving average crossing at $7.36. Second support is the 10-day moving average crossing at $7.23 3/4. 

SOYBEAN COMPLEX? http://quotes.ino.com/ex?changes/?c=grains " 

July soybeans was higher overnight as it extends the rally off last-Wednesday's low.The high-range close sets the stage for a steady to higher opening when the day session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing at $15.61 1/2 would signal that a short-term low has been posted while opening the door for a possible test of May's high crossing at $16.67 1/2. At the same time, if the rally off last-Wednesday's low fails, it would suggest that the rally has formed the right shoulder of a head-and-shoulders top. If July resumes the decline off May's high, the 50-day moving average crossing at $14.93 is the next downside target. First resistance is the overnight high crossing at $15.89. Second resistance is May's high crossing at $16.67 1/2. First support is the 50-day moving average crossing at $14.93. Second support is the April 12^th low crossing at $13.74 3/4.

July soybean meal was steady to slightly higher overnight. The low-range close sets the stage for a steady to slightly higher opening when the day session begins trading. Stochastics and the RSI are turning neutral to bullish signaling sideways to higher prices are possible near-term. Closes above the 50-day moving average crossing at $412.40 would signal that a short-term low has been posted. If July extends the decline off May's high, the 50% retracement level of the 2020-2021-rally crossing at $3.73.40 is the next downside target. First resistance is the 50-day moving average crossing at $412.40. Second resistance is May's high crossing at $457.20. First support is last-Wednesday's low crossing at $378.30. Second support is the 50% retracement level of the 2020-2021-rally crossing at $373.40.     

July soybean oil was higher overnight and spiked above the March-2008 high on the monthly continuation chart crossing at 71.26 to post a new all-time high as it extends the rally off last-Monday's low. The mid-range overnight trade sets the stage for a steady to higher opening when the day session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are  possible near-term. If July extends this year's rally above the March-2008 high on the monthly continuation chart crossing at 71.26, upside targets will be hard to project. Closes below last-Monday's low crossing at 64.23 would confirm that a short-term top has been posted while opening the door for additional weakness near-term. First resistance is the overnight high crossing at 72.13. Second resistance is unknown. First support is last-Monday's low crossing at 64.23. Second support is the 50-day moving average crossing at 59.68.   

LIVESTOCKhttp://quotes.ino.com/exchanges/?c=livestock 

July hogs closed down $1.18 at $118.47. 

July hogs closed lower on Wednesday as it consolidated some of the rally off last-October's low. The low-range close sets the stage for a steady to lower opening when Thursday's night session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If July extends this year's rally, the 87% retracement level of the 2014-2016 decline on the monthly continuation chart crossing at $121.70 is the next upside target. Closes below the 20-day moving average crossing at $114.13 would signal that a short-term top has been posted. First resistance is today's high crossing at $120.40. Second resistance is the 87% retracement level of the 2014-2016 decline on the monthly continuation chart crossing at $121.70. First support is the 20-day moving average crossing at $114.13. Second support is the 50-day moving average crossing at $108.65.  

August cattle closed up $2.65 at $119.25. 

August cattle closed sharply higher on Wednesday filling Tuesday's gap it extended the rebound off Tuesday's low.The high-range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI are turning neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 50-day moving average crossing at $119.77 would signal that a short-term low has been posted. If August extends the decline off May's high, January's low crossing at $111.92 is the next downside target. First resistance is last-Tuesday's high crossing at $121.23. Second resistance is May's high crossing at $122.80. First support is Tuesday's low crossing at $114.62. Second support is January's low crossing at $111.92. 

August Feeder cattle closed up $3.18 at $152.33. 

August Feeder cattle closed sharply higher on Wednesday as it consolidated some of the decline off May's high. The high-range close sets the stage for a steady to higher opening when Thursday's session begins trading. Stochastics and the RSI are turning neutral to bullish signaling that a low might be in or is near. Closes above the 50-day moving average crossing at $153.31 would signal that a short-term low has been posted. If August extends the decline off May's high, May's low crossing at $141.52 is the next downside target. First resistance is the 50-day moving average crossing at $153.31. Second resistance is the 75% retracement level of the April-May-decline crossing at $157.20. First support is Tuesday's low crossing at $145.10.  Second support is May's low crossing at $141.52. 

FOOD & FIBERhttp://quotes.ino.com/ex changes/?c=food 

July coffee posted an inside day with a lower close on Wednesday as it consolidates some of the rally off April's low. The low-range close sets the stage for a steady to lower opening on Thursday. Stochastics and the RSI are turning neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at 15.19 would signal that a short-term top has been posted. If July extends the rally off March's low, the November-2016 high on the monthly continuation chart crossing at 17.60 is the next upside target.              

July cocoa closed lower on Wednesday. The mid-range close sets the stage for a steady to lower opening on Wednesday. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If July renews this month's rally, the March 11^th high crossing at 26.21 is the next upside target. If July extends the decline off May's high, May's low crossing at 23.17 is the next downside target.                

July sugar closed slightly lower on Wednesday. The mid-range close sets the stage for a steady to lower opening on Thursday. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If July extends the rally off May's low, May's high crossing at 18.25 is the next upside target. If July renews the decline off May's high, the 50-day moving average crossing at 16.47 is the next downside target.     

July cotton posted an inside day with a lower close on Wednesday. The low-range close sets the stage for a steady to lower opening on Thursday. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing at 84.69 would signal that a short-term low has been posted. If July extends the decline off April's high, the April 13^th low crossing at 81.20 is the next downside target.